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To: Robert Rose who wrote (104917)6/14/2000 10:33:00 AM
From: H James Morris  Read Replies (1) | Respond to of 164684
 
Rob, what article?
>VANCOUVER, June 13 (Reuters) - Fuel cell producer Ballard Power Systems Inc. <BLD.TO> <BLDP.O> may have caught the investment community's fancy this year, but its retail shareholders are apparently still more interested in science than finance.

Ballard executives were peppered with questions for more than hour at the company's annual meeting on Tuesday, but nearly all the queries dealt with technological issues and potential applications for the company's fuel cells.

Fuel cells produce electricity from hydrogen through chemical rather than mechanical reactions. They are considered environmentally friendly because the only direct byproducts of the process are water and heat.

The company told shareholders it remains on track on its efforts to move the technology from the development stage into commercial production for products such as portable generators, larger stationary power units and automobile engines.

Investor and media interest in fuel cells accelerated earlier this year with Ballard's shares trading as high as C$210 in early March on the Toronto Stock Exchange.

Shares in the Vancouver-based company closed on Tuesday at C$118.25, down 75 Canadian cents, but that was still more than two and a half times higher than a year ago.

($1 = $1.47 Canadian)

19:23 06-13-00